On March 24, 2023, Viva Gold Corp. closed the transaction. The company issued 14,925,731 units at a price of CAD 0.14 per unit for gross proceeds of CAD 2,089,602.

The transaction included participation from the insiders of the company for 7,224,302 units. The warrants will be exercisable to acquire one share at an exercise price of CAD 0.23 per share until March 24, 2026. The company paid finder's fees of CAD 19,962.60 and 135,590 share purchase warrants in the transaction.

The company has received CAD 681,001.926782 from Regulation D. The company intends to continue the transaction for more than one year. The company will issue securities pursuant to exemption provided under Regulation D. The company accepted TSX Venture exchange filing. The transaction included participation from 23 placees including three existing insider involvement for 7,224,302 units, one pro group member for 75,000 units.